Afternoon Coffee: Election Day, Suzuki Abandons US Market, Has Procurement Employment Peaked?

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"The decision to exit the market reflects challenges that include low sales, a limited number of models, high production costs, and stringent state and federal regulations..."
Suzuki to Stop Selling Cars In U.S. After Three Decades -- Suzuki Motor Corp. said it would stop selling cars in the U.S., ending nearly three decades of sales in the world's second-biggest auto market after China as the yen's strength and a limited, compact-car-focused lineup have made it difficult to profit with such low sales. Suzuki, which specializes in small cars and is the biggest car maker in the key emerging market of India, said it will now focus on motorcycles, all-terrain vehicles and marine equipment such as outboard motors in the U.S.

"Job losses in our profession tend to be lower profile."
The dark side of recruitment – and has procurement employment peaked? -- At least in our procurement world we don't often see the situation reported last week at UBS offices, when UBS staff found that their building entry swipe cards didn't work . This was rapidly followed by a note telling them that no, they hadn't been fired (yet) but they should go and wait at home whilst their futures were determined! It's a seemingly cruel way of telling people they've lost their jobs, but in an environment like banking, you don't want to tell someone they're on the way out whilst they're in the middle of a trade that could lose the bank a fortune if they happened to press the wrong button, I guess !

Xchanging expands in Asia.
Xchanging Unveils Plans for More Asian Expansion -- Xchanging, the business process, procurement and technology services provider and integrator, has announced its intention to open new delivery centers at two locations in Asia. The service provider already operates in 11 locations in the Asia Pacific region (APAC) and plans to establish two further centers in the Philippines and China. They will "cater to the global demand for BPO, ITO & Procurement services in the insurance, real-estate, banking, financial services and other verticals," said the announcement.

- Sheena Moore

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